What is a security deposit?
Extra money the tenant pays to the landlord when they move in
Who owns the apartment
the landlord
What is a benefit of having a roommate?
split rent, responsibilities, have a friend to live with, safety
What is included in your lease?
cost of rent, due date, security deposit, length of lease, late fee, utilities
What is a lease?
An agreement between tenant and landlord.
Who is a tenant?
The person who rents the apartment.
Where can you look for a roommate?
Ask friends and family, ask at school
The contract to rent an apartment is called a _____
a lease
Name things under utilities
electricity, sewer, gas, heat, water
Name ways to find an apartment
newspaper ads, ask friends, online
What would you do if your roommate refused to clean?
First talk to roommate, then call landlord
The tenant needs to give the landlord 2 things before moving in
security deposit and one months rent
If you have a pet you usually
pay a
____________ ____________
pet deposit
What are 3 responsibilities of renting?
Pay rent on time, keep apartment clean, pay utilities, follow rules, respect neighbors
What are negatives of having a roommate?
could be messy, might not pay rent, loud, might not get along
What is the purpose of the security deposit?
To pay for damage to the apartment
What are amenities?
extra things like a pool, clubhouse, exercise room, laundry room
What are three important things to know before renting an apartment?
budget, location/neighborhood, roommate or no roommate, close to work or school, take pets
Why might you not want to live with someone who doesn't have a job?
Can't pay rent
What is the usual length of time for a lease?
one year